Don’t Mess With Texas (Grid)
A consulting firm defends its analysis of Texas’ electric grid against criticism that its weather data did not include the 2021 winter storm that devastated the state’s grid. The story >>
Dynegy manipulated MISO’s 2015/16 capacity auction, driving up Illinois prices: FERC enforcement office.
The Illinois Attorney General and Public Citizen contend FERC should order Dynegy to disgorge $428.6 million. Vistra, which bought Dynegy, denies the allegations. The story >>
Market Snapshot: November 14, 2022
Electricity Headlines: Forward Power Price Forward power prices were down in all regions besides ERCOT and CAISO which saw increases of 3.3%-4.1% and 3.2%-3.5%, respectively. MISO prices fell 1.3%, and PJM fell between 0.8%-.0.9% The EIA reported that U.S. electricity customers averaged seven hours of power interruptions in 2021 Weather: Outlook for November 14-20: Colder…
NAERC Releases Roadmap For Thousands of Megawatts
The North American Electric Reliability Corp. (NAERC) releases a roadmap of steps needed to add tens of thousands of megawatts of distributed energy resources to the power system through 2031. https://www.utilitydive.com/news/nerc-warns-of-cybersecurity-reliability-risks-DER-strategy/635673/
TPI Takeaway Market Snapshot: October 24, 2022
Ohio Electricity Rates More than Double By Summer Ohio FirstEnergy customers will see their electric bills rise starting next summer, as the Akron-based utility has purchased some of its electricity at more than twice the price it’s paying now. During the October 4th auction, FirstEnergy agreed to pay an average price of $122.30 per megawatt-hour for delivery…
Duke Energy To Spend 145B to Move Towards Carbon-Free Generation
Duke Energy ups 10-year capital spending plan to $145B to modernize the grid and move to zero-carbon generation; 85% of the spending will go toward grid modernization and the company’s transition toward decarbonized generation. Read at Utility Drive >>
EIA: Average kWh Could Reach $0.15 in 2023
The average price of electricity for residential consumers could reach $0.1524/kWh in 2023, the U.S. EIA forecast on Thursday in its latest Short Term Energy Outlook. That would represent about a 3.3% increase from this year — and EIA says prices are already 7.5% higher today than in 2021.
MISO To Allow Reserve Markets
Grid operator MISO for the first time will allow energy storage resources to participate in its energy and operating reserve markets.